MIAC is an asset valuation service provider for all mortgage and other fixed-income asset classes in the financial industry today. Using our proprietary asset valuation software, MIAC Analytics™, and leveraging the firm’s experience of over 37 years, MIAC can assist your institution in understanding the value of any assets or liabilities on your balance sheet.
2025 PRIVATE CREDIT FAIR VALUE ACTIVITY
MIAC is a leader in providing mortgage industry participants with state-of-the-art asset valuation services on a wide range of mortgage-related assets.
Total Asset Valuations
$64.3 TRILLION
MSR Valuations
CMSR Valuations
Whole loans & Structured Product Valuations
MIAC is a leader in providing mortgage industry participants with state-of-the-art asset valuation services on a wide range of mortgage-related assets.
MIAC models the future behavior of the asset and generates the monthly cash flows given current loan characteristics and by applying specific market assumptions. These servicing valuations encompass the entire spectrum of mortgage collateral types including commercial, residential, and home equity. MIAC’s seasoned whole loan pricing process involves modeling with an integrated “Triangulation” approach for reliable markets-based valuation for every loan in a portfolio.
MIAC values over $7 trillion annually in seasoned whole loan assets and consumer receivables. Whole loan pricing is bifurcated into two different pricing conventions. Newly created loans are priced relative to TBA MBS prices by adjusting the MBS prices with current and accurate price adjustments.
MIAC prices over $600 billion of whole loans each month for institutions ranging from hedge funds to the Federal Home Loan Banks and Wall Street Dealers. MIAC has over 20 years of experience in pricing both performing and non-performing mortgages, all types of fixed and adjustable loans, subprime loans, home equity loans, and manufactured housing loans.
MIAC is a long-standing industry leader in providing ASC 820-compliant fair value valuations on a wide range of performing and nonperforming mortgage-related assets across the credit and liquidity spectrum.
ASC 820 fair value measurements require highly complex, loan-level voluntary and involuntary behavioral modeling. MIAC’s seasoned professionals use CORE™ alongside market intelligence from our active asset brokerage and price discovery capabilities. Our defensible and informed ASC 820 Level 3 valuation methodologies are supported by mature valuation controls and information security protocols.
Contact our Asset Valuation TeamMIAC is a leader in asset valuation services and software for pricing and risk management. MIAC values all ranges of asset classes, from prime to subprime and everything in between.
MIAC’s experienced MSR valuation professionals utilize the industry’s most granular loan-level voluntary and involuntary behavioral model (CORE™), integrated with MIAC Analytics’ component-level cash flow and pricing engine.
MIAC Analytics provides one of the industry’s most comprehensive Commercial and Multifamily MSR valuation platforms through its granular cash flow modeling and market-based pricing assumptions.
Our models capture the unique characteristics of commercial servicing assets, including FNMA DUS recourse obligations, leveraging MIAC’s deep expertise in collateral valuation and risk modeling to produce market-based fair values.
MIAC’s valuation assumptions are derived from multiple market-based sources, including actual MSR transactions, industry surveys, and our proprietary Generic Servicing Assets (GSAs™), a monthly virtual auction conducted among active participants in the servicing marketplace across approximately 300 servicing cohorts.
These market observations are used to develop pricing assumptions, behavioral forecasts, and discount rates that reflect current market conventions. Valuations are performed at the individual loan level, with loans grouped into homogeneous cohorts based on characteristics such as note rate, product type, investor, vintage, remittance type, and other key risk attributes when appropriate.
MIAC’s ASC 820 Fair Value independent whole loan pricing is based upon three distinct capabilities – MIAC Analytics, MIAC’s Whole Loan Brokerage, and MIAC’s Whole Loan Valuation Professionals.
MIAC Analytics is the most granular delinquency/FCL model in the mortgage industry, and all of the transition states are informed by the MIAC CORE™ behavioral model. This enables MIAC’s Whole Loan Valuation Professionals to utilize more advanced price discovery methods and eliminate the archaic additive yield spread methods.
MIAC’s Whole Loan Brokerage team is active in trading mortgage assets, and currently pricing and spread levels are shared with MIAC’s Whole Loan Valuation Professionals.
MIAC’s Whole Loan and Securitized Products Professionals price and model bulk market ASC 820-compliant fair values on a wide spectrum of nonagency mortgages, both performing and nonperforming. The scope of the mortgage assets ranges from NonQM, Prime Jumbo to CES, HELCO, HECM, NPL’s, Consumer, and CRE Mortgages.
MIAC’s fair market valuations are compliant with ASC 820 Fair Value standards with subject to annual SOC 1; Type 2 audits.
MIAC’s Borrower Analytics team has been leading the mortgage industry with Loan Level behavioral modeling for over a decade. Led by industry-recognized leaders in prepayment and credit modeling, the CORE models inform each transition state in MIAC Analytics highly granular DQ/FCL simulation and loss severity models.
